The initial balance of a mutual fund is $1800. The fund is expected to grow in value at an annual rate of 5%.
Let x represent the number of years since the fund was started. Let y represent the value of the fund x years later.
What equation models the value of the mutual fund x years after it was started?
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Home » Mathematics » The initial balance of a mutual fund is $1800. The fund is expected to grow in value at an annual rate of 5%. Let x represent the number of years since the fund was started. Let y represent the value of the fund x years later.